Posted by Johnchew5 > 2023-07-08 00:52 | Report Abuse

Hoho looks like bottom fishing Shl be monitor until after PP extension of time of up to 29 January 2024 IF approved..

Posted by Johnchew5 > 2023-07-08 05:56 | Report Abuse

Hoho Shl not be Maximum Scenario :


2.) All the 525,564,900 outstanding Warrants C are EX .

Note :
Maturity 2025-11-18

Posted by Johnchew5 > 2023-07-08 05:58 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-08 05:59 |

Post removed.Why?

Posted by soon9913 > 2023-07-08 19:06 | Report Abuse

they dont have cash to pay you div thats why propose DRP by issuing new share lo

Posted by Sslee > 2023-07-09 09:01 | Report Abuse

ALP just wants to issue more shares so that he will get his cut in free grant LTIP so the more NOSH the merry.

Posted by Sslee > 2023-07-09 09:02 | Report Abuse

Total NOSH 2,289,834,607

Posted by Johnchew5 > 2023-07-09 09:43 | Report Abuse

We usually find it abbreviated as DRIP or DRP in Malaysia. In simple words, a dividend reinvestment plan is a corporate action that allows investors to use the dividend distributed by the company to buy the company newly issued shares.


Posted by soon9913 > 14 hours ago | Report Abuse

they dont have cash to pay you div thats why propose DRP by issuing new share lo

Posted by soon9913 > 2023-07-09 13:16 | Report Abuse

haha that one is Vietnam tnb, not MY tnb

Posted by SarifahSelinder > 2023-07-09 13:56 | Report Abuse

Yg so important question ni xda pula yg tanya kat AGM

So now worry sick wondering if EVN payments are late or not?

4 months rasa rasa is rather slow

1 month slow is about 190m

Posted by davidts95 > 2023-07-10 15:39 | Report Abuse

Up up up !

Posted by valueinvestor33 > 2023-07-10 16:35 | Report Abuse

DCF valuation is a nonsense and keep it for himself. His comments is not welcomed here.

Posted by It's Compounding > 2023-07-10 18:46 | Report Abuse

Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?

Posted by warchest > 2023-07-10 20:11 | Report Abuse

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

Posted by i3lurker > 2023-07-11 01:01 | Report Abuse

You are talking about Companies Act 1965.
It's now Companies Act 2016
STOP buying any shares since there is so much you dun know.
Go sign up for free classes from sex firm or attend BURSA classes


It's Compounding

Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?

6 hours ago

Posted by Johnchew5 > 2023-07-11 06:13 | Report Abuse

A ) Referred to FY21 Annual Report :

The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .


B ) Referred to FY22 Annual Report :

The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.


C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.


—


>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.


>>> Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.

Posted by Sslee > 2023-07-11 06:24 | Report Abuse

Q3 end 31/9/2023. Under P&L statement will be addition expenses:
Restricted Share plan ("RSP") expenses: RM 70,500,000 X 0.18= RM 12,690,000
So guess who will pay for the increase amount?

It's Compounding Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?
10/07/2023 6:46 PM

Listing Date 10-Jul-2023
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 70,500,000
Issue Price MYR 0.180
Par Value 0.000
Total NOSH 2,289,834,607

Posted by Johnchew5 > 2023-07-11 08:13 |

Post removed.Why?

Posted by mickey77 > 2023-07-11 10:08 | Report Abuse

TNB ok LSS4 for Jaks???

Posted by soon9913 > 2023-07-11 12:12 | Report Abuse

LSS4 is testing by TNB now, target for acceptance by end of Q3 23

Posted by Johnchew5 > 2023-07-11 14:45 | Report Abuse

Hoho give a 👍 to Jaks on 1st to complete n commence commercial operations among the 10 awarded Companies of LSS4 :


> Referred to 1st QR ended March 2023 :


This will augur well for the Group’s Power-Energy division as the demand for electricity is expected to increase. The Group targets to achieve commercial operation of the LSS4 solar project by the second quarter of 2023, approximately 6 months ahead of the scheduled commercial operation date of 31 December 2023, after which this project will start contributing additional stream of stable recurring income with a 25-year concession period.


—

>> Jaks targets new projects
By John Gilbert
June 19, 2023 @ 8:27am




KUALA LUMPUR: Jaks Resources Bhd (JRB) is upbeat about securing more renewable energy (RE), including hydro and wind power assets in Malaysia following the completion of the RM220 million 50MW solar farm under the large-scale solar (LSS4) project in Nibong Tebal, Penang.


"On solar projects, we are participating in the Corporate Green Power Programme (CGPP) with bids of up to 50MW.



"We are also in discussion with several private and state-backed companies for large-scale solar projects," chief executive officer Ang Lam Poah told The New Straits Times.


Ang said that under the 50 megawatts LSS4 tender, the government had awarded 10 local companies, and JRB was the first to complete the given project ahead of schedule.




He said the Nibong Tebal 50-megawatt project is now undergoing the testing and commissioning phase by Tenaga Nasional Bhd (TNB).



"Our target is to commence commercial operations by mid of July and is scheduled to be the first 50MW solar farm under LSS4 to be completed ahead of schedule," Ang said.

Posted by warchest > 2023-07-12 08:17 | Report Abuse

The grant of free shares need to be halted as the Group is not performing, with RM131m of impairment in receivables and legal tussles. And is share price is at all time low.

https://klse.i3investor.com/web/blog/detail/TimelessInvestment/2023-07-10-story-h-246424046-JAKS_Resources_Berhad

Posted by warchest > 2023-07-12 08:23 | Report Abuse

It is absurd for the MD and it's management team to receive on average RM10m & RM1m/person for the non performance. It is unhealthy practice & without skin in the game (the Group's financial performance is not in tandem with its high remunerations). Their remunerations are even higher than the top 10 listed companies in Malaysia. But JAKS is only a tiny RM400m Group

Posted by warchest > 2023-07-12 08:26 | Report Abuse

The benefits from JHDPP & LSS4 are currently enjoy by the directors & management team. So far, the shareholders receiving nothing but negative value

Posted by Johnchew5 > 2023-07-12 08:50 |

Post removed.Why?

Posted by soon9913 > 2023-07-12 21:19 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - MR ANG LAM POAH | https://www.klsescreener.com/v2/announcements/view/5297847



huat ar

Posted by Gotyou > 2023-07-13 09:46 | Report Abuse

https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-13-story-h-245713930-WHAT_YOU_DON_T_KNOW_ABOUT_JAKS_RESOURCES

Posted by Johnchew5 > 2023-07-13 10:41 | Report Abuse

Hoho what happened???


Stock: [JAKS]: JAKS RESOURCES BERHAD
2022-05-22 13:01 | Report Abuse
When the 1,200MW coal fired Jaks Hai Duong Power Plant ("JHDP") which is 30% owned by Jaks Resources, started commercial operation in Jan 2021, international coal price was around USD60 and the price has since soared to over USD400. So the big question is "Can JHDP still remain profitable ?"

Most investors will find it difficult to concur as the primary feed stock, Coal, has gone up way too much beyond limits and imaginations in such short span of time. Does the power purchase agreement signed with the Vietnam national grid offer unrestrained protection for JHDP to remain profitable regardless?

The short answer given by sifu DK was "YES". He said JHDP will remain profitable as long as the power plant is in good operating conditions.

DK seems very confident on his research and knowledge of the power purchase agreement. However, if he is wrong, Jaks will suffer huge losses in its coming results. Is that the reason why its price is so depressed now ? Will the price stage a relief rally if DK is proven right ?

—-

>>>

Blog: Why Jaks Hai Duong Power plant made more money when coal price rocketed ? Explanation simplified !
2022-01-07 08:57 | Report Abuse
i3gambler, JHDP is guaranteed capacity payment for 25 years and capacity payment makes up 80% of the total tariff payment.

Posted by Johnchew5 > 2023-07-13 13:08 | Report Abuse

Hoho anyway thanks for your info on the Joint Venture contract.

Posted by Johnchew5 > 2023-07-13 13:10 |

Post removed.Why?

Posted by mickey77 > 2023-07-13 15:36 | Report Abuse

That Gotyou story is pure bull. Pure nonsense.

Posted by Johnchew5 > 2023-07-13 18:39 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-14 06:00 | Report Abuse

Referred to FY23 , QR ended March 2023 :


a) Financial assets


Trade n other receivables 337,839,000


Cash and bank balances 24,102,000

Deposits placed with Banks. 41,630,000


total = 403,571,000


b) Financial liabilities


Loans and borrowings 511,117,000


Trade and other payables 477,080,000


Lease liabilities —


total = 988,197,000



a) - b ) = ( 584,626,000 )


—-



Share Capital : 1,074,143,000

Reserves . : 26,200,000


Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )


Non controlling interests : ( 61,658,000 )


Total equity : RM 1,363,636,000



—

Gearing Ratio : 37.5 %

Financial Cost : ( RM 5,723,000 ) / quarter

—-

Hoho hope the Financial Cost rate is not increasing : 

illustration: 

(5,723,000 ) X 4 / 511,117,000 = 4.48 %

Posted by Johnchew5 > 2023-07-14 06:02 | Report Abuse

Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )

Posted by Sslee > 2023-07-14 12:46 | Report Abuse

http://www.insage.com.my/ir/cmn/trps03/Agm_Egm.aspx?Symbol=4723

You can dowload the latest AGM key matter discussed from above link

Posted by Sslee > 2023-07-14 12:49 | Report Abuse

33 What is the loan tenure for JHDP
loan?
The loan tenure of JHDP is 10 years, expiring in 2030

34 Kindly clarify whether there is a basis
to estimate the dividend payment
from JHDP? How often is dividend
declared? Are there any binding
written agreements in place for the
distribution of JHDP dividends?

Based on the understanding between the JV parties, 100%
of distributable profits from JHDP are expected to be
declared as dividends on an annual basis, subject to
cashflow requirements. Under Vietnamese laws, dividends
can only be distributed upon determining the profits
available by filing of audited accounts and tax submissions.

35 The thermal coal prices settling at
$200 per tonne, which is half from its
peak of $400 early of the year. What
impact does this have on the earnings
of JAKS' power plants in Vietnam?

The coal price is pass-through to the off-taker, Vietnam
Electricity (EVN) and as such, JHDP is not exposed to the
risk of global coal price fluctuations.

Posted by Just88 > 2023-07-14 13:03 | Report Abuse

Sslee, any comment on Gotyou's writeup ?

https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-13-story-h-245713930-WHAT_YOU_DON_T_KNOW_ABOUT_JAKS_RESOURCES

Posted by Sslee > 2023-07-14 14:13 | Report Abuse

KYY was here in Feb 2017 selling JHDP wawasan 2020 but was kicked out by insiders by Nov 2018.

Then DK66 and OTB were here 2019/2020 working on how much 30% - 40% JHDP profit will contribute to Jaks and Jaks net profit should spike up.

Then JAKS managemt RI, PP with lower and lower price and hundred million of free grant LTIP and non end yearly trade, other receivables and goodwill impairment loss. So Jaks profit did not spike up but what spike up is Total NOSH 2,289,834,607

So now who going to sell the wawasan 2030 that profit contribute by 40% JHDP will definately spike up and thus Jaks NP will also definately spike up?

Posted by soon9913 > 2023-07-14 15:43 | Report Abuse

boss getting richer top 10 salary package .. only shareholders GG ma.

Posted by Johnchew5 > 2023-07-14 18:15 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-14 18:28 |

Post removed.Why?

Posted by Johnchew5 > 2023-07-14 18:31 |

Post removed.Why?

Posted by curiousq > 2023-07-15 17:40 | Report Abuse

Sifu already said, 0.18 is very cheap already, should not write anything negative to mislead investors ...... now many holders are in huge loss and very confuse should they top up if price goes lower ......

Posted by SarifahSelinder > 2023-07-15 19:36 | Report Abuse

Coal price has been so high EVN kena kaw kaw sampai cash jam

EVN cash jam hutang JHDP sampai 4 bulan

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-07-15 20:12 | Report Abuse

Jaks

From 2018 to 2021: raised RM 506.51 m through new shares issued
From 2018 to 2021: paid down RM 97.86 m in bank borrowings.

2022: no further raising of funds through issuance of new shares
2022: bank borrowings increased by 124.9m

Still hemorrhaging cash!

Posted by Johnchew5 > 2023-07-16 06:48 | Report Abuse

# Copied from Gotyou Blog :


2.    The loan tenure for the power plant in Vietnam is 10 years. 


Total project cost was USD1.87 billion with 75% bank borrowing. 


Total bank borrowing was USD1.4025 billion
Annual repayment for 10 years loan tenure will be USD140.25 million equivalent to RM615m (Exchange rate 4.39 as at Dec 2022)

—

>>> Hoho Jaks has 30% stake and CPECC has 70% stake in this JV power plant.


> illustration: Thus RM 615 million x 0.3 = RM 184.5 million.

Posted by Johnchew5 > 2023-07-16 06:53 | Report Abuse

A ) Referred to FY21 Annual Report :

The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .


B ) Referred to FY22 Annual Report :

The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.


C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.

Posted by Johnchew5 > 2023-07-16 07:02 | Report Abuse

Hoho yearly Loans payment for 10 years ( not included interest % ) :

illustration: Thus RM 615 million x 0.3 = RM 184.5 million.

A Question : Profit is much Higher ?? or Loans payment is much Lower ???

Posted by Johnchew5 > 2023-07-16 07:07 | Report Abuse

Hoho understood now Profit is from Capacity n Energy charges , The Management is looking at Dividend for DRP subscription of the additional 10% optional interest in JP .

Posted by Johnchew5 > 2023-07-16 07:14 | Report Abuse

Hoho looks like bottom fishing Shl be monitor until after PP extension of time of up to 29 January 2024 .


Let’s see >> The subscription of the additional 10% optional interest in JPP will be funded by source of Funds ??



# Copied from Gotyou Blog :


I walked away from the recent AGM with 2 pieces of new information;


1.    The subscription of the additional 10% optional interest in JPP will be funded by borrowings from Banks in Singapore, and



The 10% optional interest in JPP costs around RM250m .




>> From Jaks Management:


6.
What is JAKS plan for the 10% option subscription of power plant in term of timeline (within 6 month or within this year? we know that it is going to expired in early of 2024) & source of funds for subscription?




- The Group has 3 years upon the Commercial Operation Date to subscribe for the additional 10% stake in the Hai Duong power plant.




- We are currently looking at various funding options to exercise the 10% option, including utilising the dividends from the power plant to be re-invested for the 10% option.




7.
What is the cost to subscribe additional 10% share in Vietnam JV company? Is the amount is USD46.71 Million?




- Our equity portion consists of 25% of the total project. Therefore, the cost to subscribe for the additional 10% will be 10% of our equity portion, plus holding cost.




56.
Why didn't Jaks consider to get bank loan to subscribe the additional 10 percent of JHDP? Any difficulty to get bank loan? With Jaks low current ratio as mentioned in presentation, shall able to get bank loan.


- We are currently looking at various funding options to exercise the 10% option, including utilising the dividends from the power plant to be re-invested for the 10% option.



- Additionally, banks do not conduct this form of equity financing.


—-



>> Posted by Johnchew5 > 1 week ago | Report Abuse


Hoho looks like bottom fishing Shl be monitor until after PP extension of time of up to 29 January 2024 . 



>> 



The Proposed DRP will be tabled as a special business at the 21st Annual General Meeting (“AGM”) of JAKS, which will be held on a fully virtual basis at the broadcast venue at Manuka 2&3, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Tuesday, 27 June 2023 at 10.30 a.m.. The notice of the 21st AGM of the Company together with the Form of Proxy, Administrative Guide and this Circular are available online at the Company’s website at http 



>> illustration: Focus on Maximum Scenario : 



91,944,315 New Share on DRP on Assumptions: 



1.) All the 171,488,288 outstanding Warrants B are EX . 


2.) All the 525,564,900 outstanding Warrants C are EX .


Maturity 2025-11-18



3.) All the 141,474,619 outstanding LTIP Options are EX . 



4.) All the 292,884,436 Private Placement are issued Prior to the implementation of the Proposed DRP . 




This Circular is dated 28 April 2023